Albemarle Corp (NYSE:ALB) shares, rose in value on Thursday, May 08, with the stock price up by 2.46% to the previous day’s close as strong demand from buyers drove the stock to $57.44.
Actively observing the price movement in the last trading, the stock closed the session at $56.06. Referring to stock’s 52-week performance, its high was $137.50, and the low was $49.43. On the whole, ALB has fluctuated by 13.16% over the past month.
With the market capitalization of Albemarle Corp currently standing at about $6.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.61, with its dividend yield at 2.81%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALB’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ALB currently trading nearly 1.42% and -13.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.56, while the 7-day volatility ratio is showing 4.37% which for the 30-day chart, stands at 6.17%. Furthermore, Albemarle Corp (ALB)’s beta value is 1.67, and its average true range (ATR) is 3.50.
A comparison of Albemarle Corp (ALB) with its peers suggests the former has fared considerably weaker in the market. ALB showed an intraday change of 2.46% in last session, and over the past year, it shrunk by -56.08%%.
Data on historical trading for Albemarle Corp (NYSE:ALB) indicates that the trading volumes over the past 3 months, they’ve averaged 3.29 million. According to company’s latest data on outstanding shares, there are 117.65 million shares outstanding.
Nearly 0.56% of Albemarle Corp’s shares belong to company insiders and institutional investors own 94.75% of the company’s shares. The stock has fallen by -33.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALB stock heading into the next quarter.
